TOANO, Va., Aug. 27, 2019 /PRNewswire/ -- Lumber Liquidators (LL), a leading specialty retailer of hard-surface flooring in North America, today provided information on a recent network security incident. Beginning today, Tuesday, August 27, 2019, with very few exceptions, stores regained the ability to transact using normal point of sales systems, and much of the customer-facing impact of the incident has been resolved. Restoration efforts continue, and the Company, is in the early stages of broader recovery efforts and forensic analysis that are expected to last several weeks.
(PRNewsfoto/Lumber Liquidators)
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Although the investigation remains ongoing, to date, the Company has not discovered anything that leads it to believe any sensitive and confidential consumer or employee data was compromised. That data is further protected by the fact that the vast majority of customer and employee data, including customer credit card information, is secured and maintained on systems outside of the Company's network.
The Company first discovered the incident at approximately 9:15 am on Wednesday, August 21, 2019, when its network and computer systems began to manifest symptoms of malware that ultimately disabled certain corporate and store systems nationwide. The Company took immediate action to contain the incident and, within hours, the information technology team had mobilized to diagnose and begin remediation processes, including securing outside expertise to help ensure the Company could return to normal operations as soon as possible. In addition, employees have worked diligently to implement established business continuity procedures, and stores have remained open and serving customers throughout this incident.
"Our first priority has been to continue to serve our customers and aid our store employees in that effort," commented Dennis Knowles, President and Chief Executive Officer. "I would like to thank the many employees who exhibited ingenuity and made personal sacrifices to ensure our customers' needs were met."
"Our diligent work over the past several years to develop system redundancies and business continuity plans paid dividends that were made apparent in our ability to remain open while working to restore our systems," Knowles continued. "We used manual workarounds to facilitate transactions and brought in outside resources to help ensure we returned to normal operations as soon as possible, but I would also like to thank our customers for their patience and understanding during this event."
The Company maintains cyber-security and other insurance and has been working collaboratively with its carrier throughout this incident, although it is too early in the restoration and recovery process to determine the net impact of costs and recoveries on the Company's financial results. The Company will provide periodic updates as appropriate or required.
About Lumber Liquidators
With 416 locations, Lumber Liquidators is one of North America's leading specialty retailers of hard-surface flooring. The Company features more than 400 varieties of floors in the latest styles, including solid and engineered hardwood, bamboo, cork, laminate, waterproof vinyl plank and porcelain tile flooring. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain new floors. Every location is staffed with flooring experts who can provide advice, pro services and installation options for all of Lumber Liquidators' products, much of which is in stock and ready for delivery.
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release includes statements of the Company's expectations, intentions, plans and beliefs that constitute "forward-looking statements" within the meanings of the Private Securities Litigation Reform Act of 1995. These statements, which may be identified by words such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "thinks," "estimates," "seeks," "predicts," "could," "projects," "potential" and other similar terms and phrases, are based on the beliefs of the Company's management, as well as assumptions made by, and information currently available to, the Company's management as of the date of such statements. These statements are subject to risks and uncertainties, all of which are difficult to predict and many of which are beyond the Company's control. These risks include, without limitation, the impact on us of any of the following:
The Company specifically disclaims any obligation to update these statements, which speak only as of the dates on which such statements are made, except as may be required under the federal securities laws. Information regarding these and other additional risks and uncertainties is contained in the Company's other reports filed with the Securities and Exchange Commission, including the Item 1A, "Risk Factors," section of the Form 10-K for the year ended December 31, 2018.
For further information contact:Lumber Liquidators Investor Relationsir@lumberliquidators.comTel: 757.566.7512
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Security Information And Event Management Market Projected To Garner $3,720 Million By 2023
Aug 28, 2019 (Heraldkeepers) -- Security Information and Event Management Market Report, by Allied Market Research, forecasts that the global SIEM market was valued at $1,866 million in 2016, and is projected to reach $3,720 million by 2023, growing at a CAGR of 10.1% from 2017 to 2023. The SIEM market for the services segment is anticipated to grow at the highest growth rate during the forecast period.
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North America was the largest market in the global SIEM industry in 2016, as it offers adequate infrastructural development for the adoption of SIEM technology. The primary driver for this adoption is the regulatory compliance such as the Payment Card Industry Data Security Standard (PCI DSS), Freedom of Information and Protection of Privacy Act, the Federal Information Security Management Act (FISMA), and the Sarbanes-Oxley Act (SOX) in the region. Asia-Pacific SIEM market is expected to grow at the highest rate during the forecast period, owing to evolution in IT security arena, increase in cloud adoption, stringent regulatory compliances, and rise in demand for enterprise mobility.
Large enterprises are the primary consumers of SIEM products and the market was estimated to be around $1,174 million in 2016. However, small enterprise SIEM market is expected to grow at the highest growth rate during the forecast period, owing to its wide acceptance and increased product offerings from the key market players.
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The government segment accounted for the highest share of revenue in 2016, while retail SIEM market is anticipated to grow at the highest rate of 14.2% during the forecast period.
Rise in concerns over IT security and increase in cybercrime have urged organizations to invest in more efficient security systems, as the threat landscape is becoming more complex with the occurrence of mobile devices and rise in adoption of cloud services. In addition, an increase in the adoption of Bring Your Own Device (BYOD) trend drives the growth in the global SIEM market.
The report features a competitive scenario of the global SIEM industry and provides a comprehensive analysis of key growth strategies adopted by the major players. Key players profiled in the study are Dell EMC, Hewlett Packard Enterprise Company, IBM Corporation, LogRhythm, Inc., McAfee LLC., SolarWinds Inc., Splunk Inc., Symantec Corporation, Trend Micro Inc., and Trustwave Holdings Inc. These players have adopted competitive strategies, such as geographical expansion, mergers & acquisitions, new product launch, and partnership & collaborations to augment the growth of the SIEM market.
Key questions answered in the Security Information and Event Management Market research report:
? What is the growth rate of the Security Information and Event Management Market during the forecast period?? What will be the global Security Information and Event Management Market size from 2018 to 2023?? What are the leading manufacturing companies in the Security Information and Event Management Market?? How the major current trends will shape the market in the future?? What are the driving factors and opportunities in the Security Information and Event Management Market?? Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?? Why are some of the segments flourishing at the highest growth rate while others experience a steady growth?? What are the conclusions of the Security Information and Event Management Market report?
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New Security Warning Issued For Google's 2 Billion Chrome Users
People gathering at a Google booth during the 2019 Smart China Expo in China
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Google has confirmed that it is rolling out an emergency update to the Google Chrome web browser over the coming days to fix a high-severity vulnerability that could allow attackers to take control of your Windows, macOS or Linux system. Neither Android nor iOS versions of the browser are affected by this vulnerability. However, the 2 billion people who use Chrome should be vigilant and ensure that their browser does update.
Who is most at risk from this Chrome security threat?
In a security advisory posted on August 27, the Center for Internet Security revealed how the vulnerability in Google Chrome could allow an attacker to achieve remote arbitrary code execution. The advisory also warns that most at risk are large and medium government and business entities. Home users are still considered to be at risk, but this risk has been assessed as being low rather than high.
"This vulnerability is a use-after-free vulnerability in Blink that can be exploited if a user visits, or is redirected to, a specially crafted web page," the advisory stated, "successful exploitation of this vulnerability could allow an attacker to execute arbitrary code in the context of the browser, obtain sensitive information, bypass security restrictions and perform unauthorized actions, or cause denial-of-service conditions."
Researchers rewarded for finding Chrome flaws
The vulnerability was actually confirmed a day earlier by Srinivas Sista from the Google Chrome team who posted a "stable channel update for desktop" announcement. This referred to CVE-2019-5869, a "Use-after-free" vulnerability (memory corruption issue) in the Blink engine driving the Chrome browser. Luyao Liu and Zhe Jin from the Chengdu Security Response Centre of Qihoo 360 were awarded $5,500 (£4,500) from Google for disclosing the vulnerability. Sista thanked "all security researchers that worked with us during the development cycle to prevent security bugs from ever reaching the stable channel."
Check your Chrome browser for updates
This emergency update has already started to be rolled out, and users on all desktop platforms are advised to check their browser versions to ensure that the update has been installed. The version number you need to be looking for is Chrome 76.0.3809.132, and you can check for updates by selecting "About Google Chrome" from the Help menu. Doing this will trigger an automatic download of any available update. The browser will then need to be relaunched after the download for the update to take effect.
Running all software as a non-privileged user, not following untrusted links and always applying the principle of least privilege (don't give admin rights to those who don't need them) to all systems and services makes for good cyber-sense regardless of whether your browser has been updated yet or not.
Good and bad news for Google users
It hasn't been the best of weeks for Google users. Today a fraud warning was issued for 1.5 million Android users concerning self-clicking ads in apps. And on August 27, Android users were warned about the CamScanner app, which has been downloaded 100 million times, as it was found to contain malware.
The good news for Google fans is that there is no evidence to suggest that the latest Chrome vulnerability has been exploited in the wild. As long as you ensure that your browser has updated, you should be safe. Now that the vulnerability has been disclosed, you can bet that there will be threat actors actively working on exploits to catch those whose browsers have not been automatically updated with the patched version.
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